Nobel Prize Winner Joseph Stiglitz Calls for Jail Time for Corporate Crooks

dailyfinance.com by Sam Gustin | Nov. 12, 2010 (Interview)

An institutionalized system of skewed incentives allowed Wall Street bankers and other corporate executives to gamble with America's wealth and then get away largely scot-free after the house of cards came tumbling down, plunging the U.S. into the worst economic crisis in decades and destroying trillions of dollars of wealth worldwide.

That's the analysis of Joseph Stiglitz, an internationally renowned economist and winner of the 2001 Nobel Prize ... Full Story »

Posted by Patricia Blochowiak - via Fabrice Florin (f), Thanh Tran (f)

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3.8

by Fabrice Florin - Nov. 13, 2010

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4.0

by Mike Carlson - Nov. 13, 2010

Professor Stiglitz knows of what he speaks. In the 1880-90's the abuses of the Robber Barons were curb with the innovation of consumer protection laws. In the 1930's financial abuses were curbed with limits on risk taking without personal consequences. Since 1980 the U.s. has slowly been taken over by corporatist gamblers & lawyers. We are not a society of laws we are a country of lawyers. In a reversal of basic logic it appears that individuals must now incorporate to regain the ... More »

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1.4

by Roland F. Hirsch - Nov. 13, 2010

It is hard to rate this! The author no doubt reports the interview accurately. But he makes no effort to make Stiglitz be honest. How can you discuss the housing crisis without mentioning Barney Frank, Christopher Dodd, or Franklin Raines, the three main culprits? The views of Stigler, who by the way did not win a Nobel Prize, are ignorant of the facts and the author should have challenged him. So the rating of this piece has to be low due to a lack of basic journalistic effort.

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Inside Job

Representational Pictures by Charles Ferguson | Nov. 7, 2010 (Investigative Report)

(Video) From Academy Award® nominated filmmaker, Charles Ferguson (“No End In Sight”), comes INSIDE JOB, the first film to expose the shocking truth behind the economic crisis of ...

Posted by Fabrice Florin

4.7

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